The largest American companies as a group are reporting better third-quarter earnings, thanks in large part to rising demand in the U.S. Theo Francis joins MoneyBeat. Photo: Getty.

This transcript has been automatically generated and may not be 100% accurate.

... earnings Yelp rioters broke the story ... he joins us now to talk about it would be up in New York ... good to be her ... look so earnings season in that ... it cannot go on but alot of the companies the report a lot of the big names especially when will we seen here would have a little over half the company's report it and you know they're seeing earnings up definitely up about eight point one percent ... that's better than was expected going into the earnings season aam ... it's not as good as last quarter ... so it's that and that's a point one percent up over ... for the third quarter last year right ... so a you know it is positive it's not is not as nice as I think a lot of people would like to get it certainly suggests that earnings growth is slowing and that the revenue not up nearly as much on the vulnerable people under four percent right aam ... that's kind of big worry right because it almost along you can keep increasing earnings without ... without increase in sale right ... now to which they've actually managed to attract even managing to pull off a bubbly years now a lot longer than a lot longer than most people would write ... that last night you start new wrote about a lot of this in in your story started with the with the companies are saying ... and I know we isn't very high profile Mrs early on IBM Coke Pepsi ... what could be seen what's with the feeling among the sector's going surprisingly companies are emphasizing the pot ... but there is actually positive news to emphasize so on the U S economy ... is is that this point had a bright spot among the global stage with ... aam ... growth forecasts in your down ... you've you've got growth forecasts in China down a little I think a lot of people did a lot of attention to that it's not really at ... this huge decreased it is that is a bit of a leveling off ... so aam the focus has been on the US ... aam you are seeing a lot of reports of increased business activity in the U S one of the ones that caught my attention ... on the railroads are talking about ... supply constraints that is not enough locomotives that's usually good sign ... ALM that ups is talking about ... a record holiday season ... aam business to business ... shipments in the end of deliveries in the in the third quarter for EPS were better ... than not they have been a long time ... so you deftly seen signs of increased activity ... and ... many of them and talk about the fourth quarter ... yes and so forth quarter when you're seeing is that a lot of forecasts of continued improvement in ALM so not again not up to second-quarter levels are deftly seen in ... all a lot of comparisons with last year's fourth quarter which was ... not great yet ALM so there's a bit of an easy comparison there but but just on in terms of absolute business activity Cup winner are talking about that picking